Legal AffairsPolitics
China's Top Court Targets Official Debt Abuse in New Cases
China's Supreme People's Court released four dereliction of duty cases, including a former party secretary who illegally raised 43.5 billion yuan.
—5 min read
Tag
#Local Government Debt
3 articles
EconomyFinance
China Halts Data-Backed Securities to Curb Debt Arbitrage
Chinese regulators suspend data-asset ABS amid concerns that local governments are using innovative financing to disguise debt and bypass borrowing limits.
—5 min read
EconomyFinance
China's Hidden Debt Falls as LGFV Operational Debt Looms
China's hidden local debt fell 3.8 trillion yuan, but 14.8 trillion yuan in LGFV operational debt and high-interest loans create a new financial challenge.
—6 min read